The country aims to achieve more than 180 million kilowatts of installed new-type energy storage capacity by 2027, which is expected to drive approximately 250 billion yuan (about 35. 2 billion U. dollars) in direct project investment, according to the plan jointly released by the. . BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and ensure the stability of new-type power systems. As outlined in the action plan, China's “new-energy storage system”. . China plans to nearly double its new energy storage capacity to 180 GW by 2027, under a state-backed industry roadmap that foresees 250 billion yuan (US$35 billion) of investment: Current capacity, dominated by lithium-ion batteries, stood at 95 GW as of June. China has consistently exceeded past. . China wants to supercharge its clean energy push by nearly doubling its new energy storage capacity to 180 gigawatts by 2027. The plan, announced Friday by the country's top economic planner and energy regulator, highlights how fast Beijing is trying to expand the backbone of its renewable power. . Recently, China Power Construction has signed a series of new energy storage project orders with a total amount of about 50 billion yuan, which is particularly impressive against the backdrop of a 41. 97% decline in its traditional thermal power business during the same period.